After the Hype E-Commerce Payments Grow Up

This paper emphasizes the economic and marketplace realities that impact ecommerce payments innovation, acceptance, and maturation. It focuses on the diminishing role of the check, the shift to electronic payments, and the impact of these trends on retail payment systems. The electronic payments study estimated volume at 30 billion transactions per year, with debit card volume growing 25 to 30 percent per year and ACH volume growing 15 percent per year.